{"schema_version":"secwatch.filing_event.v1","accession":"0001679788-25-000088","form_type":"8-K","ticker":"COIN","cik":"0001679788","company_name":"Coinbase Global, Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.312613+00:00","generated_at":"2026-05-22T04:49:46.024027+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Coinbase reports Q1 revenue $2.0B, net income $66M; acquires Deribit for ~$2.9B","bullets":["Q1 total revenue $2.0B (down 10% Q/Q), net income $66M, adjusted EBITDA $930M, adjusted net income $527M.","Acquiring Deribit for ~$2.9B ($700M cash + 11M shares); close expected by year-end pending regulatory approvals.","Subscription & services revenue $698M (+9% Q/Q) driven by stablecoin revenue $298M; USDC avg. balances $12.3B.","Q2 outlook: April transaction revenue ~$240M; subscription & services revenue forecast $600-680M.","Ended Q1 with $9.9B USD resources; spot trading volume $393.1B, global derivatives volume $803.6B."],"urls":{"canonical":"https://secwatch.observer/filing/0001679788-25-000088","json":"https://secwatch.observer/filing/0001679788-25-000088.json","markdown":"https://secwatch.observer/filing/0001679788-25-000088.md","text":"https://secwatch.observer/filing/0001679788-25-000088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679788/000167978825000088/0001679788-25-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679788/000167978825000088/coin-20250508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T04:49:46.024027+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}